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Which of the Following Is Shown by a Budget Line

Question 40

Multiple Choice

Which of the following is shown by a budget line? i. The combinations of goods a person can afford.
Ii) The production possibilities for a person.
Iii) The combinations of goods a person cannot afford.


A) i and ii
B) i and iii
C) ii and iii
D) ii only
E) i only

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